1.0
Feb 4, 2024
Current employee, more than 8 years
Singapore
Recommend
CEO approval
Business outlook
Pros
Compensation and benefits match the market.
Cons
Company culture has deteriorated over recent years, especially since former President and CEO Ajay Banga left. Mastercard has been quietly laying off long-serving staff these past two years. Yet, new roles are being created for friends and family of Board members and senior executives, without these roles being open to staff or the public for a competitive process. Many of them leave when unable to deliver on results after 2-3 years, but the damage continues to be done. Lots of company politics to the extent of being toxic.